1220 Mound Ave, Racine, WI
Self-Storage Asset | Flex Warehouse | Self Storage Expansion Opportunity
Marketing description
Colliers International is pleased to present the exclusive offering of 1220 Mound Avenue, a strategically positioned 718,287 square foot self-storage & flex warehouse asset in Racine, Wisconsin. This exceptional property represents a compelling investment opportunity for discerning investors seeking an asset in the sought-after self-storage sector and growing flex warehouse market.
Originally constructed in 1937 and comprehensively renovated in 2018, this substantial asset combines the reliability of self-storage operations with the flexibility of warehouse and office space. The property’s modern renovations position it to capitalize on multiple industrial real estate trends, offering investors diversified income streams and significant value-add potential
Investment highlights
INCOME STABILITY
Self-storage operations typically generate consistent cash flows with lower tenant improvement costs
VALUE CREATION POTENTIAL
The 2018 renovation and substantial square footage provide multiple avenues for operational improvements and rent optimization; including future expansions of the self-storage operations
OPERATIONAL FLEXIBILITY
Warehouse and office components allow for adaptation to changing market demands
MARKET POSITION
Attractive pricing relative to replacement cost and comparable transactions in higher-cost markets
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